Comparison of FERA and FEMA

A special lecture was on the topic "Comparison of Foreign Exchange Regulation Act1973 and Foreign Exchange Management Act, 1999. It traced the history of Indian economy, the need for foreign exchange regulation, the role of RBI in Foreign Exchange Regulation and the role of Enforcement Directorate. The topic further dealt with the interlink between Liberalisation norms after the introduction of New Economic Policy and the impact of WTO agreement on InnEconomy also discussed the lecture. The case laws pertaining to foreign exchange related matters also discussed in the session. The session was quite interactive and useful for the students.